Lincoln National Corporation (LNC) Q3 2024 Earnings Call Transcript Summary
Lincoln National Corporation (LNC) Q3 2024 Earnings Call Transcript Summary
Continued growth in annuities and life insurance sectors, with annuity sales rising nearly 25% from the previous year.The following is a summary of the Lincoln National Corporation (LNC) Q3 2024 Earnings Call Transcript:
以下是林肯國民公司（LNC）2024年第三季度業績會實錄摘要：
Financial Performance:
金融業績：
Lincoln National Corporation achieved its highest quarterly earnings in over two years, highlighted by a significant increase in adjusted operating income.
Record net loss due to non-operating factors, including changes in fair value of derivatives and other comprehensive income impacts.
Continued growth in annuities and life insurance sectors, with annuity sales rising nearly 25% from the previous year.
Group and retirement plan services also showed strong growth and profitability indicators.
林肯國民公司實現了兩年多來最高的季度收入，主要表現爲調整後營業收入大幅增加。
由於非營運因素，包括衍生品公允價值變動和其他全面收入影響，導致淨虧損創紀錄。
年金和人壽保險板塊持續增長，年金銷售較去年同期增長近25%。
團體和養老計劃服務也顯示出強勁增長和盈利能力的因子。
Business Progress:
業務進展：
Lincoln National is focusing on optimizing its operating model through expense efficiencies and investment strategy optimizations, particularly evident in the establishment of a Bermuda Reinsurance subsidiary.
The company is repositioning its life insurance offerings towards more risk-sharing accumulation and protection products, aiming for stable cash flows and higher risk-adjusted returns.
Enhanced distribution capabilities and product innovations are evident in the success of the refreshed RILA product and the broad product portfolio in annuities.
林肯國民正致力於通過費用效率和投資策略的優化來優化其經營模式，尤其在建立百慕大再保險子公司方面明顯。
該公司正在調整其人壽保險產品，更向着風險共擔積累和保護產品方向發展，旨在實現穩定現金流和更高的風險調整回報。
在刷新的RILA產品的成功和年金廣泛產品組合中，增強的分銷能力和產品創新顯而易見。
Opportunities:
機會：
The company is set to grow and diversify its Group and retirement businesses, which aligns well with its strategic initiatives to increase market dominance and enhance customer-focused solutions.
The firm is harnessing potential demographic trends and market demands through a holistic product approach in annuities, aiming for broad-based, sustainable growth.
該公司計劃增長和多元化集團和養老業務，這與其增加市場主導地位和增強以客戶爲中心的解決方案的戰略倡議是一致的。
該公司正在通過年金領域的全面產品方法利用潛在的人口趨勢和市場需求，旨在實現基礎廣泛、可持續增長。
Risks:
風險：
There is potential volatility in the life insurance sector, particularly with mortality rates and claim severities, which could impact financial outcomes as indicated by the slight elevation in mortality and the subsequent impact on life insurance operating income.
壽險板塊存在潛在波動性，尤其是在死亡率和索賠嚴重性方面，這可能會影響財務結果，正如死亡率略有上升並進一步對壽險營業收入產生影響所示。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
